Flat for sale in El Camp d'en Serralta, Palma de Mallorca, Mallorca

Are you looking for a unique investment opportunity in Palma, Illes Balears?

This property is offered as bare ownership, an ideal formula for investors seeking long-term returns.

Property information:
- Location: Carrer Mateu Obrador, Palma, Illes Balears
- Area: 156 m²
- Condition: The property is in excellent condition.
- Year built: 1985

About the area:

Located on a quiet residential street in Palma, Carrer Mateu Obrador is situated in a well-connected area with all services close at hand. Ideal for those who value proximity to the city center without giving up the calm of an established neighborhood.

- Transportation: Fast connections via urban bus routes and easy access to main roads linking to the rest of the city.
- Nearby services: Supermarkets, educational centers, pharmacies, medical centers, and all kinds of shops just a few minutes’ walk away.
- Leisure and recreation: Within walking distance of parks, cafés, local restaurants, and green areas where you can enjoy Mallorca’s pleasant climate.

An investment with social impact

With this investment, the current owners, a 65-year-old woman and a 66-year-old man, will retain a lifetime usufruct of the property, ensuring their peace of mind and well-being.

Once the usufruct ends, the buyer obtains full ownership of the property, an asset with strong appreciation potential in this area of Palma.

Financial terms:

- Price: €382,656

Associated costs:

Payable by the owner:
- Property tax (IBI).
- Extraordinary community fees, if applicable.
- Building insurance.

Payable by the usufructuary:
- Ordinary community fees.
- Municipal waste collection charges.
- Utilities.
- Contents insurance.